Peabody Wealth Advisors

07/20/2026

Should I consolidate my old 401(k)s or IRAs?

If you’ve changed jobs over the years, you may have a few old 401(k)s sitting with former employers or IRAs that you haven't looked at in years. Consolidating them may simplify your finances, but it is not always the right move for everyone.

Potential benefits may include:
✅Fewer accounts to track
✅Easier investment management
✅A clearer retirement income picture
✅Simpler beneficiary updates

⚠️However, before making a move, it’s important to compare fees, investment options, tax considerations, and any special plan features you may lose.

A rollover can be helpful, but it should fit into your overall retirement plan.

Have old retirement accounts and not sure what to do with them? We can help you review your options.

*This is for informational purposes only and should not be considered personalized financial advice.

#401(k)

07/14/2026

Many families spend years building wealth, but the most successful wealth transfers are supported by both a thoughtful plan and meaningful communication.

A common challenge we see is that families create detailed estate plans but never discuss them with their heirs. Without those conversations, loved ones may be left trying to interpret decisions and navigate new responsibilities during an already emotional time.

A well-crafted plan provides the roadmap, while open communication helps heirs understand the values, goals, and intentions behind it. Together, they can help preserve not only wealth, but also a family's legacy.

In our latest blog, we discuss why preparing heirs is just as important as preparing the estate.

Learn how to prepare adult children for inheritance through open communication, estate planning, and family wealth transfer conversations that help preserve your legacy.

07/06/2026

Please join us in congratulating Michael Murray, President of Peabody Wealth Advisors, on his appointment to the Northeast Arc Board of Directors.

Mike has a longstanding commitment to community involvement and nonprofit leadership, and this new role is a natural extension of his dedication to helping local families and organizations thrive. In addition to his past service as Chairman of the Peabody Area Chamber of Commerce, Mike has been an active supporter of Northeast Arc through its Investment Committee and the 2054 Society for Planned Giving.

"I've seen firsthand how important strong support systems are for families, especially those with diverse abilities," said Mike. "Northeast Arc plays a critical role in our community, and joining the board is an opportunity to give back in a meaningful way. I'm proud to support their mission and help expand access to the resources families depend on."

We are incredibly proud of Mike and look forward to seeing the positive impact he will make in this leadership role.

The Northeast Arc has elected David Woonton of Boxford as chair of its Board of Directors. In addition, the Board chose four new members: John Bogosian, Lucy McCallum, Mike Murray, and Winnie Swan.

07/02/2026

As we approach 250 years as a nation, it’s a milestone well worth celebrating. 🎆

A reminder that meaningful progress tends to unfold gradually, over time, across generations, and often with a bit of trial and error along the way.

However you’re celebrating, we hope the day includes some well-deserved time with family, friends, and good company. 🌭

*Please note our office will be closing at noon on Thursday, July 2, and will remain closed through Friday, July 3. We’ll resume normal hours on Monday.

06/28/2026

We spend so much time planning for “someday.”

Days like this are a good reminder… it doesn’t have to be all someday.

Part of a good financial plan is making sure you can enjoy moments like this now, too. 🌴 🏖️

06/24/2026

There's a moment many people experience at some point in their lives.

You're booking a flight. You scroll past the standard seat… and pause at first class.

Not because you have to upgrade.
Not because you're trying to impress anyone.
But because you've worked hard, and you're wondering when you're allowed to start enjoying the perks.

Milestones can shift the way we think about money.
A career high. An empty nest. A major life win. Retirement on the horizon.

Financial discipline matters. So does lifestyle.

The goal isn't reckless spending, and it isn't endless accumulation, either. It's aligning your resources with the life you actually want to live.

Sometimes that means staying in your seat.
Sometimes it means stretching out a little.

If you're navigating what "enjoying the journey" looks like in your own life, we'd be happy to talk it through with you. ✈️

06/22/2026

Planned giving connects financial planning with purpose.

Peabody Wealth Advisors, Michael Murray, AIF®, CPFA, continues his long-standing involvement with the 2054 Committee, bringing people together to create meaningful impact.

He had a wonderful time connecting and catching up with fellow members at this year’s annual luncheon!

Future Focused – Northeast Arc held its 2nd Annual 2054 Society Lunch with the CEO recently to thank existing and new members and the 2054 Committee. Society members are loyal donors who support NeArc through a wide variety of planned gifts. The lunch was held on the 91st birthday of former Board Chair Barbara Remon, front row center. To learn more, please visit https://ne-arc.giftlegacy.com/

06/21/2026

Dads show up as coaches, problem-solvers, and behind-the-scenes mentors, all while quietly keeping everything on track.

Here’s to the father figures whose effort and perspective stand the test of time.

Happy Father’s Day!

06/19/2026

Peabody Wealth Advisors will be closed on Friday, June 19th, in observance of the Federal Holiday of Juneteenth. Normal office hours will resume on Monday, June 22, at 9 am.

06/18/2026

Peabody Wealth Advisors is a proud sponsor of the Torrigan Golf Classic, co-hosted by the Rotary Club of Peabody, MA, and the Peabody Area Chamber Foundation. (Peabody Area Chamber of Commerce)

Our team is honored to support the programs, projects, and initiatives they lead to strengthen our local businesses and community throughout the year. ⛳️